The rebar robotics market was valued at $76.4 billion in 2023 and is projected to reach $116.4 billion by 2033, growing at a CAGR of 4.3% from 2024 to 2033.
Rebar robotics is a technology implied in the construction industry to automate the processing and positioning of rebar. Rebar or reinforcing bar is a steel bar integrated into the buildings to enhance their tensile strength. Robotics facilitates the cutting, bending, and assembling of rebars with high precision and speed. The key benefits of using rebar robotics includes enhanced work productivity and reduced risk on labor as the handling of heavy rebars is a hazardous task.
With increasing demand for speed and efficiency in construction projects, rebar robotic technology is witnessing a notable surge in demand. This leads to a reduction in construction timelines, hence driving the growth of the market. In addition, the implementation of stringent regulation pertaining to labor rights and safety, the adoption of rebar robotics at construction sites is witnessing an upsurge. Currently, the trend of assimilating rebar robotics with other technologies such as additive manufacturing or formwork systems is acquiring traction. Such assimilations are anticipated to enhance the capabilities of robots and amplify productivity at construction sites.
However, the acquisition and operation of rebar robotics is a highly expensive process, which restricts the small-scale firms and budget-sensitive construction projects from its adoption. This hampers the growth of the rebar robotics market. Furthermore, in case of contact with unsuitable construction materials such as chemicals or water, the chances of errors or damage in rebar robotics remain significantly high. This limits the usage of rebar robotics and restrains the growth of the market. Contrarily, manufacturers are striving to develop rebar robots with the ability to function in unfavorable conditions of construction sites, which is expected to present new avenues for the development of the market. For instance, Advanced Construction Robotics - a U.S.-based provider of robotic equipment - launched “IronBOT.” It is a rebar installing robot that does not require pre-programming or calibration and works efficiently even in rain.
Segment Review
The rebar robotics market is segmented into type, technology type, application, and region. On the basis of type, the market is bifurcated into onsite and offsite. As per technology type, it is divided into ground-based and ariel. Depending on application, it is categorized into residential and non-residential. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Key Findings
On the basis of type, the onsite segment accounted for a high market share in 2023.
As per technology type, the ground-based segment dominated the market in 2023.
Depending on application, the non-residential segment held a high share of the market in 2023.
Region wise, Asia-Pacific is projected to be the highest revenue generator by 2033.
Competition Analysis
The significant players of the global rebar robotics market include Turner Construction Company, Boston Dynamics, ABB Ltd., KUKA AG, Rebartek, Skanska AB, Doka Group, Schuff Steel Company, Peri Group, LLC, and Trimble Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Rebar robotics is a technology implied in the construction industry to automate the processing and positioning of rebar. Rebar or reinforcing bar is a steel bar integrated into the buildings to enhance their tensile strength. Robotics facilitates the cutting, bending, and assembling of rebars with high precision and speed. The key benefits of using rebar robotics includes enhanced work productivity and reduced risk on labor as the handling of heavy rebars is a hazardous task.
With increasing demand for speed and efficiency in construction projects, rebar robotic technology is witnessing a notable surge in demand. This leads to a reduction in construction timelines, hence driving the growth of the market. In addition, the implementation of stringent regulation pertaining to labor rights and safety, the adoption of rebar robotics at construction sites is witnessing an upsurge. Currently, the trend of assimilating rebar robotics with other technologies such as additive manufacturing or formwork systems is acquiring traction. Such assimilations are anticipated to enhance the capabilities of robots and amplify productivity at construction sites.
However, the acquisition and operation of rebar robotics is a highly expensive process, which restricts the small-scale firms and budget-sensitive construction projects from its adoption. This hampers the growth of the rebar robotics market. Furthermore, in case of contact with unsuitable construction materials such as chemicals or water, the chances of errors or damage in rebar robotics remain significantly high. This limits the usage of rebar robotics and restrains the growth of the market. Contrarily, manufacturers are striving to develop rebar robots with the ability to function in unfavorable conditions of construction sites, which is expected to present new avenues for the development of the market. For instance, Advanced Construction Robotics - a U.S.-based provider of robotic equipment - launched “IronBOT.” It is a rebar installing robot that does not require pre-programming or calibration and works efficiently even in rain.
Segment Review
The rebar robotics market is segmented into type, technology type, application, and region. On the basis of type, the market is bifurcated into onsite and offsite. As per technology type, it is divided into ground-based and ariel. Depending on application, it is categorized into residential and non-residential. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Key Findings
On the basis of type, the onsite segment accounted for a high market share in 2023.
As per technology type, the ground-based segment dominated the market in 2023.
Depending on application, the non-residential segment held a high share of the market in 2023.
Region wise, Asia-Pacific is projected to be the highest revenue generator by 2033.
Competition Analysis
The significant players of the global rebar robotics market include Turner Construction Company, Boston Dynamics, ABB Ltd., KUKA AG, Rebartek, Skanska AB, Doka Group, Schuff Steel Company, Peri Group, LLC, and Trimble Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
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Key Market Segments
By Type
- Onsite
- Offsite
By Technology Type
- Ground-based
- Ariel
By Application
- Residential
- Non-Residential
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of Latin America
- Middle East Africa
- South Africa
- UAE
- Saudi Arabia
- Rest of Middle East Africa
- turner construction company
- Boston Dynamics
- ABB Ltd.
- kuka robotics
- Rebartek
- Skanska AB
- Doka Group
- Schuff Steel Company
- Peri Group, LLC
- Trimble Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: REBAR ROBOTICS MARKET, BY TYPE
CHAPTER 5: REBAR ROBOTICS MARKET, BY TECHNOLOGY TYPE
CHAPTER 6: REBAR ROBOTICS MARKET, BY APPLICATION
CHAPTER 7: REBAR ROBOTICS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Rebar Robotics Market include:- turner construction company
- Boston Dynamics
- ABB Ltd.
- kuka robotics
- Rebartek
- Skanska AB
- Doka Group
- Schuff Steel Company
- Peri Group, LLC
- Trimble Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 213 |
| Published | July 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 76.4 billion |
| Forecasted Market Value ( USD | $ 116.4 billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
